In 2013, the Ethereum network brought initial coin offerings (ICOs) into the limelight. ICOs are a relatively new method to collect funds for new startups by using digital coins. According to CoinTelegraph, when Ethereum held its ICO, in just about 12 hours, 7.4 million ETH were pre-sold, and Vitalik Buterin, Ethereum’s founder, ended up raising […]

When ICOs first became popular, nearly every ICO said that its token was not a security. The pundits called 2017, the year of the utility token. But this year, security token offerings (STOs) became popular. Emerging regulatory frameworks have paved the way for the sale of security tokens. Background – The DAO and the SEC’s […]

Introduction – The Restaurant Menu Imagine if you brought a friend for a lunch meeting. You both enter a restaurant and sit in a corner. Scanning the menu, you select your dishes, and inform the waiter. As the waiter leaves, you notice the fine print. “Photographs are for illustration purposes only.” So the question might […]

FAQs

Most people imagine that because Blockchain is such a new technology, it isn’t regulated, and therefore anything related to Blockchain (such as initial coin offerings) is not against the law. In actual fact, all existing laws and regulations in a country, such as monetary policy, securities law, and money laundering, can and will be applied against Blockchain companies.

For full ICO legal representation, we ask for a deposit of USD 20,000.00 to commence work. Depending on the scope of work, we can accept a different amount as a deposit, based on the discussion with you.

We normally expect to be paid between 5% to 10% of the funds raised, or a mix thereof with company shares. Depending on our expectations of your project, we can negotiate on a mix of fiat currency and coins/tokens, and may even accept a lower fee.

Our consultation charge is USD 300 for 45 to 60 minutes consultation by a junior lawyer. Whereas, our hourly consultation charges by a senior lawyer is determined by negotiation.

Yes, we can. Our team members are already advising existing ICO teams for their Pre-ICO and ICO. We are involved in different stages of ICO: planning, conceptualization, white paper audit, token structure audit, company structure audit, Howey Test, CFTC, IRS, SEC, Federal Reserve, in addition the governing bodies of our own countries.